Let's play the money as dead children game for a bit. Now, when the article was written you could plausibly save 1life for about $1000, but these days I think the number is a bit higher. Let's say $10000 just to be safe.

Essentially, you're saying that you would sacrifice the lives of 100 people in order to avoid a brief homosexual experience, using basic consequentialism. Perhaps you won't change your mind even when thinking about the proposition from this perspective, but I know personally it would be too difficult ethically for me to refuse.

It doesn't have to be lives, of course. If you're more of a preferential consequentialist, you can help pay off your mates' crippling student debt or mortgage, or donate to a longevity charity to help your chances of not dying, or even MIRI or something.

In any case, a million dollars has a lot of potential utility. Refusing because you're not 'materialistic' is a bit short-sighted, I think.